Issue - meetings
FINANCE REPORT
Meeting: 25/11/2014 - Cabinet (Item 7)
To consider a report by Councillor Julian Thompson-Hill, Lead Member for Finance and Assets (copy enclosed) detailing the latest financial position and progress against the agreed budget strategy.
Additional documents:
- FINANCE REPORT - APP 1, item 7 PDF 24 KB
- FINANCE REPORT - APP 2, item 7 PDF 37 KB
- FINANCE REPORT - APP 3, item 7 PDF 26 KB
- FINANCE REPORT - APP 4, item 7 PDF 283 KB
Decision:
RESOLVED that Cabinet note the budgets set for 2014/15 and progress against the
agreed budget strategy.
Minutes:
Councillor Julian Thompson-Hill presented the
report detailing the latest financial position and progress against the agreed
budget strategy. He provided a summary
of the Council’s financial position as follows –
·
a net
under spend on the revenue budget of £158k was forecast for service and
corporate budgets
·
savings of
£7.1m were agreed as part of the budget and at this stage 90% had been achieved
with 10% in progress
·
highlighted
other key variances from budgets or savings targets relating to individual
service areas, and
·
a general update on
the Housing Revenue Account, Housing Capital Plan and the Capital Plan (including
the Corporate Plan element).
Councillor Eryl
Williams reported upon the WLGA Annual Education Minister’s meeting the
previous week when the 21st Century Schools Programe
had been discussed and the need to tackle surplus places highlighted. Members noted many councils
were finding it difficult to fund those projects and the Leader stressed the
importance of continuing with the expectations set out in the Corporate
Plan. He was also pleased to note the
positive progress on the major projects which had been detailed within the
report.
RESOLVED that Cabinet note the budgets set for 2014/15 and progress against the
agreed budget strategy.